Palo Alto Networks (NYSE:PANW) has been under a strong bear grip, hence the stock is down -5.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.71% in the past 1 week. The stock has risen by 4.02% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.05% in the past 4 weeks.
The company shares have dropped -30.47% from its 1 Year high price. On Jul 24, 2015, the shares registered one year high at $200.55 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $130.84 and the 200 Day Moving Average price is recorded at $144.15.
The stock has recorded a 20-day Moving Average of 0.43% and the 50-Day Moving Average is 6.34%.
Palo Alto Networks (NYSE:PANW): stock turned positive on Friday. Though the stock opened at $122.31, the bulls momentum made the stock top out at $126.6 level for the day. The stock recorded a low of $121.53 and closed the trading day at $125.94, in the green by 3.54%. The total traded volume for the day was 1,526,566. The stock had closed at $121.63 in the previous days trading.
In an insider trading activity, Anderson Mark, officer (EVP of WW Field Ops) of Palo Alto Networks Inc, unloaded 2,203 shares at an average price of $127.1 on June 21, 2016. The total amount of the transaction was worth $280,001, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).